As the bear market continues, key support levels for many altcoins are weakening, failing to absorb general supply. The best performers have been below 30% or faced severe corrections in recent days. Despite selling pressure triggering a domino effect, several leading altcoins are signaling high recovery potential.

Top choices include KANG, ONDO, OKB, TON and ARB. Their price action signals a continuation of an uptrend and could spearhead the next market rally. In this article, we explore why crypto whales are accumulating these altcoins.

KangaMoon on the Crypto Whales Radar: Is It Worth Buying?

As other altcoins struggle with price correction amid market decline, KangaMoon (KANG) presale continues to hit new milestones. On the one hand, the KANG token raised over $6.5 million in revenue and recorded over 400% ROI in price value. As a result, crypto whales are accumulating pre-sale gems for potentially lucrative returns.

At its core, KangaMoon is set to launch a vibrant community where coin enthusiasts interact, participate in fun challenges and tournaments, and ultimately win rewards and prizes. This unique blend of Play-to-Earn concept and SocialFi elements, along with high growth potential, has attracted seasoned and new investors to its pre-sale.

Remarkably, the altcoin has amassed over 6,000 holders and over 20,000 registered members, reflecting the overall market confidence in the altcoin. Unlike other altcoins, the KANG token offers real utility: it serves as a game currency for its ecosystem. Users of the KangaMoon ecosystem will use its native token to access exclusive games, upgrade their characters, and purchase in-game items from the marketplace.

Currently priced at $0.025 in its presale phase 5, KangaMoon could reach astronomical heights in the coming days. With the possibility of a CEX Level 1 listing in the second quarter, experts suggest that the price of KANG will increase 50 times to climb to $0.5. Additionally, KangaMoon is strategically poised to enter the P2E gaming industry, which is expected to be worth $885 million by 2028.

This move could further propel the price of KANG as it opens up this market to investors. With this in mind, they believe KangaMoon is worth buying for potentially lucrative returns.

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Arbitrum’s upward trajectory: will it maintain its momentum?

While the rest of the market is facing a price correction, Arbitrum coin is surging, registering a 0.60% rebound in its intraday charts to trade at $1.01, according to CoinMarketCap data. The recent increase is attributed to whale activities on the network. Additionally, Arbitrum Crypto is expected to unlock a token event on May 16, 2024.

Thus, various traders are accumulating the Arbitrum coin in anticipation of a price rise. Remarkably, the strategic accumulation of Arbitrum coins will cushion the impact of the increased circulating supply, which has stabilized the Arbitrum price around the $1 mark.

Based on this view, many experts are making bullish predictions on the price of Arbitrum, suggesting that the price could reach $2.04 in May 2024 due to the enthusiasm generated by the symbolic event in May.

Ondo Price Remains Bearish: Can It Reclaim the Psychological $1 Mark?

Ondo Finance has had an excellent start to the year. The DeFi platform aims to bring tokenized treasury products on-chain. With the current market decline, the price of Ondo has seen substantial declines, recording a 19% drop in value over the past week, according to CoinMarketCap data.

However, Ondo’s price action shows resilience in the face of selling pressures. The likelihood of Ondo price recovering would depend on whether market sentiment changes from fear to greed. Moreover, the dominance of Ondo coin at the 200 EMA has stagnated the chances of a consolidation phase.

In any case, the daily RSI of Ondo coin shows the chances of a bullish divergence. If Ondo price rebounds and reclaims the psychological zone around the $1 mark, the DeFi coin could break out in a rally. As such, the next bull run could push Ondo coin near the Fibonacci level of $1.61 to $1.32.

Toncoin Crypto Attracts Whale Transactions: Will It Trigger a Price Pump?

Crypto Toncoin has been making headlines recently, gaining traction among large investors and sparking speculation around Telegram’s impending IPO. Amid the broader market decline, Toncoin crypto continued to attract investment from whales, strengthening its market position and reflecting Toncoin’s long-term growth prospects. Remarkably, Toncoin price is showing strong demand at the support level.

With this in mind, Toncoin price is preparing for an extended rally with a further rebound. Regardless, Toncoin price saw a significant value outflow, recording an 18% decline on its weekly charts, according to CoinMarketCap data.

However, many experts remain optimistic about Toncoin’s price rise, suggesting that the altcoin could reach the $15 mark during the next bull cycle.

Could OKB price climb above $100 in the next bull cycle?

The native coin OKB of popular cryptocurrency exchange OKX has seen a significant downtrend over the past week due to the broader bear market. Over the past seven days, OKB coin has seen a 13% decline to trade between $55.44 and $48.23, which shows a wedge formation, according to CoinMarketCap data.

Notably, OKB price is struggling to withstand the constant support of the 50W EMA. If this trend continues, OKB coin could break out at the trendline. OKB price is trading at the reference level and projects a new entry opportunity into the ascending cycle. Additionally, OKB coin’s key support levels align with its Fibonacci trend-based retracement level.

Therefore, the underlying demand for OKB crypto may strengthen an upward trend in the coming days. Based on this view, various experts have made bullish predictions on OKB price, suggesting that if the next uptrend breaks above the 78.60% Fibonacci level around the $74.5 mark, the next bull cycle could push OKB price to $100.

In summary

As market dynamics continue to evolve, the above altcoins have the potential to offer a mix of innovation and opportunity. As Arbitrum, OKB, Toncoin and Ondo prepare to recover prices, KangaMoon stands out with its strong pre-sale performance.

The consistent monumental milestones, just a few weeks on the market, suggest a strong signal to increase KANG’s future performance. Now is the optimal time to join the KangaMoon community.

Discover the exciting opportunities of the KangaMoon (KANG) presale today!

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